Nova MSC Bhd (XKLS:0026) ROCE % : 5.43% (As of Dec. 2023)

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What is Nova MSC Bhd ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nova MSC Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.43%.

Nova MSC Bhd ROCE % Historical Data

The historical data trend for Nova MSC Bhd's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nova MSC Bhd ROCE % Chart

Nova MSC Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.13

-5.22

-15.15

-34.92

-28.99

Nova MSC Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-49.52	-13.02	-19.11	-22.18	5.43

Nova MSC Bhd ROCE % Calculation

Nova MSC Bhd's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-12.835	/	( ( (72.369 - 22.398)	+	(64.082 - 25.501) )	/ 2 )
	=	-12.835	/	( (49.971	+	38.581)	/ 2 )
	=	-12.835	/	44.276
	=	-28.99 %

Nova MSC Bhd's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1.84	/	( ( (57.757 - 24.038)	+	(60.14 - 26.121) )	/ 2 )
	=	1.84	/	( ( 33.719	+	34.019 )	/ 2 )
	=	1.84	/	33.869
	=	5.43 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Nova MSC Bhd (XKLS:0026) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nova MSC Bhd ROCE % Related Terms

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Nova MSC Bhd (XKLS:0026) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Nova MSC Bhd (XKLS:0026) » Definitions » ROCE %

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0026PA.PFD:Malaysia

Address

No. 1, Medan Syed Putra Utara, Suite A-18-3, Northpoint, Mid Valley City, Tower A, Level 18, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.nova-hub.com

Nova MSC Bhd is an investment holding company. The company is engaged in software research and development and the provision of e-business solutions through the sale of application software and professional services for software customization and implementation. Its Geographical segments include Malaysia and Singapore. The products of the company include Pavo, which is an e-Government software that facilities the online submission of application documents; Avicenna, which is a fully integrated cloud-based system that takes care of the administrative needs, EyScan, a cloud-based platform that manages and executes SELENA+, system that performs automated retinal photo analysis and others.

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